Tax Policies Help Jiangxi Build "China's Golden Harvest Valley"

       Ganzhou in Jiangxi Province is rich in ion-type heavy rare earth and wolframite resources known throughout the world each year 70% of the heavy rare earth, 60% of the black tungsten are produced here, known as "rare earth kingdoms, the world," said.

Building a "golden valley in China" is a strategic deployment in which the Jiangxi Provincial CPC Committee and the provincial government make good use of resources to boost the revitalization of the Soviet Area. Jiangxi Province IRS take the initiative to make policy, with full tax breaks and other preferential tax policies to reduce the cost of enterprises within the valley, service development and upgrading, help "thin Golden Valley" construction.

Policy dividend to help "rare Golden Valley" start building

Several Opinions of the State Council on Supporting the Revitalization and Development of the Central Soviet Area, such as Gannan, have given Ganzhou the five strategic positioning. One of the strategic positioning includes the content of "National Rare Metal Industry Base and Advanced Manufacturing Base."

With the support of "Opinions", Jiangxi Province strongly supports the construction of "China's Lean Golden Valley" in Ganzhou City and takes advantage of Tungsten and rare earth resources in Ganzhou to build a well-known Rare Earth Metal Industry Agglomeration Area in the country and build a set of innovative elements in Rare Earth Metal Industry Of the "Valley" industrial ecology, to achieve high-end rare earth and tungsten technology, high-end talent, high-end industries and high-end financial gathering.

Tax policy has become an indispensable support for the start-up of "Golden Rift Valley" construction. In June 2015, under the joint promotion of Jiangxi Provincial Development and Reform Commission, State Taxation and other departments, the comprehensive utilization of rare earth resources was included in the Catalog of Preferential Value-added Taxes on Products and Labor Services of Comprehensive Utilization of Resources, and the policy of exchanging VAT with VAT can be enjoyed.

With the policy dividend, the construction of "rare golden valley" will have a greater attractiveness. "With the establishment of the Jinguigu, Ganzhou rare metals industry will usher in the development opportunity." Ganzhou Tengyan Cobalt New Materials Co., Ltd. Wu Yanghong, general manager confident. Driven by the stimulation of the Jinguang Valley planning, the Company's production capacity, sales revenue and profits doubled in the first three quarters of this year. According to statistics, this year, the company has enjoyed nearly 40 million yuan of tax incentives for hi-tech industries. Its profit margin has increased from 10.65% in 2016 to 29.61% in 2017, greatly increasing the core competitiveness of its products.

According to the introduction of the local state tax department, in 2016, the scale of rare earth metals industry in Ganzhou exceeded the mark of 100 billion yuan and the tax income of warehousing reached nearly 900 million yuan, enjoying nearly 100 million yuan of various tax breaks. In the first three quarters of this year, the tax reduction efforts were further intensified, with tax relief of nearly 200 million yuan for related enterprises. Dividends brought by the preferential tax policies allow the enterprises to reduce their burden, and inject a dose of relief into the "thin golden valley" in their growth stage.

Encourage innovation and promote the transformation and upgrading of traditional enterprises

To build "China's Golden Harvest Valley," Ganzhou has the advantages of weather, geography and people, and more urgent need for industrial upgrading and development. Although rare earths and tungsten industry in Ganzhou have the advantages of resources, policies and industrial foundation, they have not yet formed a brand advantage. Most enterprises concentrate on the field of upstream mining, separation and primary processing with low added value and single industrial structure.

In order to encourage enterprises to innovate in technology, promote rare earth industry to high-end, low-carbon, intelligent development. The local taxation department specially compiled and compiled the policy compilation of "33 Questions and Answers on Enjoyment of High and New Technology Enterprise Income Tax Preferential Treatment", "Guide on Preferential Policies for Deduction of R & D Expenses Deducting Income Tax", to help enterprises enjoy their enjoyment.

"Technology innovation is a pusher for the development of our business and tax policies provide real and fine support for the development of high and new technologies. Enterprises have tasted the best in innovation." Turning to the company's road of innovation and development in recent years, Jiangxi Jinli Permanent Magnet Technology Co., Ltd. Cai You Gui very emotion.

It is reported that in recent years, the company enjoyed a tax concession of more than 50 million yuan in the development of the western region and enjoyed a deduction of more than 20 million yuan in technological research and development costs. All the funds for tax relief and relief were put into research and development. 37 research and development projects have been added since 2013, 11 national patents, R & D investment 80 million yuan, effectively enhance the business innovation and market competitiveness.

Optimize the environment for the "thin golden valley" Zhuchaoyinfeng

At present, the construction of "China's Lean Golden Valley" has invested 1.25 billion yuan to complete the requisition of 1.78 million mu and smooth the land of 5169 mu. These figures show a solid industrial foundation and a "hard environment" of "Golden Harvest".

In the "soft environment", the relevant departments have also done their homework. In May this year, 2017 Ganzhou "China Golden Valley" (Shenzhen) Industry Cooperation Promotion was held in Shenzhen. The main leaders of Ganzhou City Government introduced the policy of "Golden Harmony" preferential policies, superior environment and excellent service. The local government has established a "one of five" service mechanism, and the state tax department has given full play to its functions and functions, continuously optimized its tax service and preached favorable tax preferential policies.

In recent years, the state tax department has issued "tax department services", "China Construction 12" and "13 preferential tax policies for supporting the development of rare earth and tungsten industries" Delay service and other series of services. The Bank continued to carry out the special operations of "Convenient Tax-Exempt Spring Breeze" and "Reducing Costs and Excellent Environment", and established an online business processing center of "Invoice-net-purchase, Create "low cost, high efficiency, zero barriers" tax environment.

"The tax department take the initiative to connect with the enterprises that are invested by 'Golden Valley' and put the policy in place to help them solve practical difficulties when they encounter problems." Director of Ganzhou Chengzheng Rare Earth New Materials Co., Ltd. Long Lai Cheng said.

Plane planting phoenix tree, attracted phoenix. With the vigorous support of the relevant departments such as the State Taxation, the business environment of "Jinguijing Valley" has been increasingly optimized. As of now, "rare golden valley" has introduced rare earth, tungsten new material project 23, a total investment of 8.27 billion yuan. China Minmetals, Sinochem, Baotou Steel Rare Earth and a number of Fortune 500 and 200 domestic enterprises have also stationed. "It is estimated that by 2018, the revenue from main business of the Company will exceed 200 billion yuan and the trend of industrial agglomeration will become more and more apparent. A dynamic" Chinese Golden Grape Valley "is thriving." Liu Guihang, Chairman of Ganzhou Golden Corridor Investment and Development Co., Ltd. .